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Philippine Ports Authority net income up 9% in 1H 2022
The Philippine Ports Authority (PPA) continues to rebound from the effects of the global pandemic as net income increased by 9% in the first six months of the year, according to PPA’s release. The agency’s net income is now only 13% down compared to the pre-pandemic figure. PPA‘s net income…
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Sea‑Intelligence : NAWC volume growth slowing in 2022-Q2
The topic of record profits of container shipping companies is returning to the center of debate in the sector after the publication of the new exceptional results for the second quarter of the year. Maersk, for example, reported profits of 8.6 billion dollars (about 8.46 billion euros), while for colleague…
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New Floating Production Unit Delivered to ABS Class
(JIANGSU) A floating production unit constructed by Jiangsu Strong Wind Shipyard (JSSW) to ABS Class has been delivered. The TRUNOJOYO 01 FPU is on charter to Husky CNOOC Madura Limited (HCML) from owner PT Timas Oceanstar Indonesia (TOI) and will be towed from China to Indonesia for hook-up and installation…
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ZIM container ship fire in containers
Report emerged on fire in containers on board of container ship ZIM CHARLESTON, off Colombo. Fire erupted on Aug 7 or 8, when the ship was approaching Colombo or was already anchored, on arrival from Singapore. On Aug 8 ZIM CHARLESTON left Colombo waters and sailed in western direction, turned…
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UAE Ministry of Energy discusses plans to reinforce maritime collaboration with Egypt
❖ Al Mansouri: We look forward to enhancing the prospects for maritime investment between the two countries and developing the sector, especially with regard to innovation, creativity and research & development ❖ Al Malek: The UAE plays a significant role in raising awareness about the importance of protecting the environment…
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Clarksons Renewables : Offshore Wind Projects
Cadeler has signed an agreement with Orsted to transport and install turbine foundations at the UK’s Hornsea 3 offshore wind farm. The deal, subject to Orsted’s final investment decision, includes a further mutual commitment to developing the vessel hire agreement into a transportation and installation contract for the entire foundation…
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Sardinia’s Porto Cervo :Top Superyachts paradise of the island
The luxury resort of Porto Cervo is the unofficial capital of Sardinia’s Costa Smeralda, famed as the superyachting paradise of the island. The region is a gem that overflows with golden beaches, clear azure water and secret mystical coves Originally built by Prince Karim Aga Khan IV as a playground…
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At MSC, Your Cotton Is Our Focus
Cotton is essential for products such as clothes, home furnishings, fishnets, medical supplies, and much more. This white fluffy crop has been at the heart of global trade since the earliest stages of civilization. In our modern world, many countries require the safe and reliable transportation of cotton and its…
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Maersk and Castlery sign multi-year global logistics and fulfilment agreement
Singapore – Maersk has entered into a partnership with Castlery, a Singaporean furniture retailer, for a multi-year global integrated logistics and fulfilment agreement. By leveraging Maersk’s capabilities in managing supply chains amid ongoing disruptions, the partnership will enable Castlery to offer seamless delivery for its customers, reducing wait times for…
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